Jovi's Corner, a Toy Store, Abruptly Closes Down After the Death

question 36

Multiple Choice

Jovi's Corner, a toy store, abruptly closes down after the death of its owner. Without an heir or an experienced person to manage the store, Jovi's Corner is shut down, and the property is sold off to another party. The profits are donated to an orphanage. In the given scenario, Jovi's Corner is most likely an example of a _____.

• A) limited liability company
• B) corporation
• C) limited partnership
• D) sole proprietorship